so it will take care -- it would take care of the tax side of the fiscal cliff but i suspect it will do nothing about the spending side and that hundred billion dollars in automatic spending cuts which is called the sequestration would go into effect on january 1st. >> but then they still have a few days i'm assuming chris, even if sequestration does go into effect, it doesn't go right away. they have time to work it out? >> exactly. if they can't get it by the deadline, it may take some weeks to do that but it doesn't kick in immediately and agencies can delay, you know, if they have like an 8% cut over the course of the year, they can do little in january and february and hope that congress does something about it later on in the year. so, you know, in that sense, if they are able to avoid the tax increases for most americans, they will have taken away the vast majority of the impact of the fiscal cliff. >> and i know also you will be talking with senator feinstein about her plan. she says day one she is going to submit legislation to renew the assault weapons ban. >> that's exactl